Technical analysis by Adel_aboalainain about Symbol EGLD: Buy recommendation (10/2/2025)

🚀 Technical Analysis Summary: EGLD has successfully completed a textbook inverse head and shoulders pattern, signaling a strong bullish reversal after an extended downtrend. The neckline breakout is imminent and could ignite a significant upside move. 📈 Accumulation Zone: Price has consolidated within a well-defined range over the past several months, forming a large accumulation base, which typically precedes a strong bullish rally — especially when whales and smart money are involved. 🧠 Prediction Using AI Models: Our internal LSTM-based model projects an initial price target of $30 post-breakout. If EGLD manages to flip the $30 resistance into support, the next leg could take us to $70, especially under strong liquidity inflow and market-wide bullish sentiment. 📊 Key Technical Indicators: MACD: Bullish crossover forming — momentum shift confirmed. RSI: Turning upwards from neutral zone (~50), suggesting early momentum. Volume: Gradually increasing on upswings — signaling smart money activity. 💡 Trade Setup: Entry: Current zone ($13.90–$14.20) upon breakout confirmation Stop Loss: Below right shoulder ~$11.80 Target 1: $30 Target 2: $70 (with volume expansion and market confirmation) 📉 Risk/Reward: Highly favorable (~1:5 or more if held to $70). 🧠 Strategic Notes: Strong weekly and monthly resistance near $30 — watch for reaction. If we observe a volume spike + RSI breakout above 60, it confirms bullish continuation. This idea aligns with historical behavior of EGLD following major reversal patterns. 📬 Exit Strategy (if expecting parabolic move): Sell 25% at $30. Sell another 25% at $50. Keep 25% for $70. Last 25% trailing stop-loss or exit at overbought RSI divergence.